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Debate House Prices
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Latest House Prices Statistical Release
Comments
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-2.0%, considering the 3 month lag it looks to be following the Haliwide figures, it such a pity though that New builds, repo's and auctions aren't in these figures. What the general house purchaser wants, especially FTB's is a comprehensive, covers all bases, figure.
There then would be little argument to be had, if the figure went up, house prices would indeed be on the up, and if it went down, they would definitely be going down.
Just what would the figure be if the above house sales were in the figures ?, 25%, 30% down.
, after all these are real sales, just because some are forced or don't go through EA's doesn't make them any less relevant.
Funny you should say that, the data that the Financial Times uses is exactly that
FTHPI is the only UK house price index based upon every residential property transaction in England and Wales and is designed to provide a “true measure of house price inflation”.
http://www.acadametrics.co.uk/ftHousePrices.php
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Funny you should say that, the data that the Financial Times uses is exactly that
FTHPI is the only UK house price index based upon every residential property transaction in England and Wales and is designed to provide a “true measure of house price inflation”.
http://www.acadametrics.co.uk/ftHousePrices.php
So on the basis that the average house price is 200k, and even using mitchaa's 'average wage' of 33k, that puts the average house at 5.5 x salary and that includes a 10% deposit. Still way, way to expensive, especially at the start of a recession/depression.0 -
So on the basis that the average house price is 200k, and even using mitchaa's 'average wage' of 33k, that puts the average house at 5.5 x salary and that includes a 10% deposit. Still way, way to expensive, especially at the start of a recession/depression.
Depends where your looking to buy?find a cheaper area?3 bed semis can be had for £120k in parts of my town.Official MR B fan club,dont go............................0 -
So on the basis that the average house price is 200k, and even using mitchaa's 'average wage' of 33k, that puts the average house at 5.5 x salary and that includes a 10% deposit. Still way, way to expensive, especially at the start of a recession/depression.
Probably includes those £10 million+ houses that don't require a mortgage 'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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